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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Berkeley Group Holdings (The) PLC | 4,895.0 | 2.3% |
| Intertek Group PLC | 4,272.0 | 1.8% |
| Barratt Developments PLC | 554.0 | 1.7% |
| Taylor Wimpey PLC | 148.4 | 1.6% |
| Intercontinental Hotels Group PLC | 7,166.0 | 1.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Sainsbury (J) PLC | 286.1 | -6.5% |
| Admiral Group PLC | 2,563.0 | -5.8% |
| Flutter Entertainment PLC | 12,850.0 | -3.5% |
| BT Group PLC | 116.8 | -3.4% |
| Ocado Group PLC | 683.8 | -3.4% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,655 | -0.4% | -0.4% |
| DOW JONES INDUS. AVG | 37,570 | 0.1% | 11.4% |
| DAX INDEX | 16,692 | 0.0% | 12.9% |
| NIKKEI 225 | 34,442 | 2.0% | 30.2% |
| S&P/ASX 200 INDEX | 7,468 | -0.7% | 3.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 72.01 | -0.32% |
| Brent Crude (ICE) | USD/bbl. | 77.36 | -0.30% |
| Gold Spot | USD/t oz. | 2,026 | -0.2% |
| Copper (Comex) | USd/lb. | 376 | -0.1% |
Click graph to enlarge
The UK 100 called to open +36 points at 7,687. The UK 100 is expected make a positive start to the day after US stocks rallied ahead of today’s US inflation figures. Economists expect the US headline consumer price index to edge up to 3.2% annually in December, from 3.1% in November. However, core inflation – which excludes food and energy – is expected to cool to 3.8% from 4.0%. The S&P gained 0.57% to end at 4,783.45, while the Dow Jones added 170.57 points, or 0.45%, to close at 37,695.73. The Nasdaq advanced 0.75% to settle at 14,969.65.
Darktrace expects their FY24 H1 EBITDA margin to be above top end of 17-19% guidance range.
Marks & Spencer reported better-than-expected 8.1% rise in like-for-like sales over the Christmas period, driven by market-leading growth in food and a strong performance in womenswear. They do face additional cost increases from inflation in wages and business rates, but said that trading performance provided confidence they would meet forecasts for the year.
Taylor Wimpey update that the housing market remained uncertain in the near term amid an “extremely challenging” planning approval environment, as the industry battles broader economic and affordability concerns. They reiterated their 2023 operating profit expectations, but added that it had entered the current fiscal year with a reduced order book and refrained from providing home-build targets.
Tesco have upgraded their profit outlook for the second time in four months as they reported a better-than-expected rise in underlying UK sales for the key Christmas trading period. They now expect the year to end-February 2024 retail adjusted operating profit to be £2.75bn up from the £2.49bn made in 2022/23. They were previously forecasting between £2.6-2.7bn.
RBC Upgrades Antofagasta to ‘Outperform’ from Sector Perform (4 Buys / 9 Holds / 2 Sells)
UK
Ferrexpo
Marks & Spencer Group
Taylor Wimpey
Tesco
Whitbread PLC
US
None
UK
None
US
Bank of America Corp
BlackRock
Citigroup Inc
Delta Air Lines
JPMorgan Chase
UnitedHealth Group
Wells Fargo & Co
EU Economic Bulletin
US Initial Jobless Claims
US Consumer Price Index
US Monthly Budget Statement
Japanese Current Account n.s.a.
UK 100 companies going ex-dividend on 11th January 2023:
SSE
Sage Group
Ashtead Group
UK 250 companies going ex-dividend on 11th January 2023:
WH Smith
Foresight Group Holdings
AJ Bell
Balanced Commercial Property Trust
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